Audited Quarterly & Yearly Results for Year Ending 31.03.2026
Awaiting price reaction for this filing.
United Textiles Limited reported a severe financial deterioration for FY2026 ending March 31. Revenue from operations collapsed to Rs 418.89 lakhs from Rs 1,030.10 lakhs in FY2025, representing a decline of approximately 59%. The company swung from a profit of Rs 2.19 lakhs before tax to a loss of Rs 315.85 lakhs before tax. After tax, the net loss stood at Rs 234.30 lakhs compared to a profit of Rs 2.01 lakhs in the previous year. Basic and diluted earnings per share turned negative at Rs 7.81. The auditors issued an unmodified (clean) opinion on the financial statements. Operating cash flow remained positive at Rs 40.45 lakhs, though this was significantly lower than Rs 173.76 lakhs in the prior year.
The company has experienced a dramatic revenue decline and substantial losses, which is highly negative for shareholders. The clean audit opinion provides some comfort on financial reporting accuracy, but the operational performance raises serious concerns about the company's viability.